Canary Islands offers funding for renewable energy projects
Volcanic area at Mount Teide, Tenerife, Canary Islands (source: flickr/ Mike Beales, creative commons)
Carlo Cariaga
7 Mar 2022
The Government of Canary Islands has issued a call for proposals for possible funding of innovative renewable energy technologies and business models.
The Ministry for the Energy Transition and the Demographic Challenge (MITECO) of the Canary Islands has announced that they are accepting Manifestations of Interest or proposals for innovative technologies or business models that will accelerate the autonomous community’s energy transition. To this end, a funding of EUR 25 million has been allocated to support such projects.
Proposals for the Manifestation of Interest can be submitted to bzn-energiasislas@miteco.es until Saturday, April 16. More information about the Sustainable Strategy in the Canary Islands can be accessed via this link.
The objective of the call for Manifestation of Interest is to complete the development and design of projects and business models in the field of energy. These include innovative technologies in energy storage, green hydrogen, renewable marine energies, and geothermal energy.
This initiative is part of the Sustainable Energy Strategy that the Government of Spain and the Government of Canary Islands jointly presented on February 16. The Strategy is financed under the Recovery, Transformation, and Resilience Plan (PRTR) of the Next Generation EU funds. Aside from accelerating the energy transition, it also provides extraordinary opportunities to generate employment and boost the economy of the Canary Islands.
In late 2021, we reported on an event organized by the Illustrious Official College of Geologists. In this event, technical experts expressed findings that the Canary Islands were “the ideal territory to develop geothermal energy in Spain.” The islands of La Palma and Tenerife, in particular, were cited as interesting regions for geothermal development.
Source: Government of Canary Islands
